GO's share price slides 5.1%
After rallying by 40 per cent during the second quarter of the year, the share price of GO plc slid 5.1 per cent lower today to a close of €1.11.
During today's session, the share price had also traded at an intra-day low of €1.05,3 representing a 10.8% decline from the 2012 high of €1.18. A total of 32,000 shares changed hands today across 11 trades.
Bank of Valletta plc also closed in negative territory as the bank's equity reversed yesterday's 1.2% rise to drop back to the €2.05 level on low volumes of 1,100 shares.
Similarly, International Hotel Investments plc eased minimally lower to 84c9 on volumes of 8,436 shares.
Meanwhile HSBC Bank Malta plc touched an intra-day high of €2.55 before easing to a close of €2.53 which still represents a 0.8% increase over yesterday's close on activity of 15,300 shares.
The only other active equity was RS2 Software plc which held on to the 50c level on volumes of just over 5,300 shares.
A number of companies have today announced the dates for the publication of their half-yearly financial statements. The interim reporting season will kick-off with Malta International Airport plc on July 17 followed by Middlesea Insurance plc on July 23, HSBC Bank Malta plc on July 27 and Plaza Centres plc on July 31.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1% higher to 986.848 points as Eurozone yields continued to ease to around the 1.45% level on the back of the prevailing sovereign debt crisis in the region.
In the meantime, a number of central banks have announced measures to stimulate growth in their respective areas.
The Central Bank of China cut its benchmark interest rate for the second time in two months whilst the Bank of England announced a £50 billion injection into the UK economy.
The European Central Bank (ECB) followed this afternoon with a 25 basis point cut in its refinancing rate to a historically low 0.75 per cent in response to stifling growth across European economies. Moreover, the ECB also cut its deposit rate by 25 basis points to zero in an attempt to stimulate inter-bank lending.